Alasdair Bell and Ezra Butler from Seedcamp talk Angel investing in startups, wine, sex and some other stuff while kickin it in a wine bar in Israel.

From the Seedcamp site:

Anyone can apply!

Seedcamp is an intensive week long event held in September in London targeted at young entrepreneurs from across EMEA.

We’ve set it up to provide seed funding and world-class connections for startups. September 2007 marked our first Seedcamp Week and group of funded startups. September 2008 will mark our second.

We will be holding an open application available online. Based on this, we will select up to 20 companies to participate in the event.
Seedcamp Week

We focus this week around providing an incredible experience for the 20 selected teams.

There is a diverse mentor network of serial entrepreneurs, corporates, product designers, venture capitalists, recruiters, marketing specialists, lawyers and accountants that help the selected teams put together the foundations of a viable business.

The aim of this week is to collapse the time it takes start ups to make and develop these critical relationships from months to a week and establish an unrivaled foundation on which the business can be built.
If you win

At the end of the week we will make the funding decision to invest up to €50K each in 5 teams for a small equity stake.

The funding amount is purposely kept low enough that teams do not have to give away a large portion of their companies. The idea is to take enough money to develop a great product and build towards a higher valuation. As such we do not require preferred stock, board rights, or other rights often required by institutional investors